Shanghai-based digital cognitive impairment solution provider Best Covered reportedly raised RMB 100 million (USD 14.2 million) in a Series A+ financing round. The round was led by Cenova Ventures, with additional participation from Long Hill Capital, GSR Ventures, and BioTrack Capital. The proceeds will be used for scientific research investment, product upgrades, business expansion both within and outside hospitals, enhancing its market presence, and constructing a national digital “dementia prevention and treatment” system.
Clinical Acceptance and Market Position
Limited traditional screening and intervention methods have positioned Best Covered’s digital cognitive impairment proactive prevention system as an “existent and only” clinically accepted effective measure. The company, which has over 13 million users subscribed via Alipay and other platforms, obtained Category II medical device approval based on data from a 100,000-user screening cohort. This approval underscores the clinical efficacy and market potential of Best Covered’s solution.-Fineline Info & Tech
